Analysts set Nvidia stock price target

Bank of America Securities has raised its price target for Nvidia (NASDAQ: NVDA) from $150 to $160, citing growing demand from sovereign artificial intelligence (AI) infrastructure projects. The firm believes these government-led initiatives, such as Saudi Arabia's AI investments, could help offset future revenue losses from U.S. chip export restrictions to China starting in 2026. "Sovereign AI nicely complements commercial cloud investments," the firm wrote, adding that these projects focus on training lar ...